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Azer-Turk Bank sharply increased assets last year

Azer-Turk Bank sharply increased assets last year

04 February 2016 10:27 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. As of January 1, 2016, Azer-Turk Bank’s assets stood at AZN 671.882 mln, up 2.28 times from previous year.

Bank says the loan portfolio rose 95.62% to AZN 418.265 mln, consumption loans raised increased 3.41 times to AZN 10.846 mln, overdue credits surged 72.52% to AZN 10.300 mln, deposit portfolio grew 2.64 times to AZN 539.719 mln, and total capital went down 5.29% to AZN 50.891 mln.

Incomes ascended 51.81% to AZN 25.923 mln.

Loss made AZN 4.631 mln.

For the present, the bank operates 6 branches across the country.

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